"The philosophers have only interpreted the world, in various ways; the point is to change it." ~ Karl Marx

Thursday, June 11, 2009

Late Capitalism by Ernest Mandel

Late Capitalism represents the first ever attempt to combine the general theory of the 'laws of motion' of the capitalist mode of production developed by Marx with the concrete history of capitalism in the twentieth century. Mandel sketches the structure of the world market and develops a bold schema for the 'long-waves' of expansion and contraction in the history of capitalism.

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